According to the Presidential Decree "On Uzbekistan’s Investment Program for 2017”, Uzbekistan is to complete 168 projects worth US$ 2.534 billion in 2017.
According to the document, this year it is scheduled to complete the construction of 83 new production facilities worth total US$1.688 billion and implement 85 projects worth nearly 845 million dollars on upgrading the existing facilities. At the same time for the completion of the approved projects it is planned to disburse US$ 1.26 billion in 2017.
In particular, Uzbekistan Railways is planning to implement 8 projects worth over US$ 1 billion. The railway company plans to complete the first phase of construction of Bukhara to Miskin and electrification of Karshi to Termez rail roads, and to buy two new Spanish high-speed Talgo trains.
"Uzbekneftegaz" is texpected to complete 11 projects worth US$ 281.5 million. The company is expected to purchase high-tech equipment for geological exploration. UzbekEnergo announced it will by the end of the year introduce an automated electricity metering system in Bukhara, Jizzakh and Samarkand provinces worth US$ 207.4 million. UzKimyoSanoat (Uz Chemical Industry) will launch the first line of the plant for the production of automobile tires in Angren free economic zone worth total US$ 214 million.
